Deals Counterparts

OEG expands offshore wind fleet with Fulmar CTV for Inch Cape Offshore Wind Farm

Development Offshore Wind announced United Kingdom Mar 3, 2026
1.1 GW
Capacity
construction
Stage
Fulmar CTV for Inch Cape Offshore Wind Farm
Project

OEG has expanded its offshore wind vessel fleet with the delivery of Fulmar, a new multi-purpose crew transfer vessel (CTV), which will support offshore construction work at the Inch Cape Offshore Wind Farm in Scotland. The vessel was designed by Chartwell Marine and built by Diverse Marine.

Deal Analysis

OEG has announced a strategic expansion of its offshore wind vessel fleet with the delivery of the Fulmar, a new multi-purpose crew transfer vessel (CTV). This development is set to support critical offshore construction work at the 1.1 GW Inch Cape Offshore Wind Farm in Scotland, United Kingdom. The Fulmar CTV was designed by Chartwell Marine and built by Diverse Marine, underscoring a collaborative effort within the specialized marine sector to enhance operational capabilities for large-scale renewable energy projects. This deal is notable as it highlights the ongoing investment in specialized support infrastructure essential for the development phase of significant offshore wind projects. While the financial value of the acquisition remains undisclosed, the commitment to deploy a dedicated CTV for a project of Inch Cape's 1.1 GW capacity reflects the substantial logistical requirements and the maturity of the UK's offshore wind market. It signifies OEG's proactive approach to bolstering its fleet to meet the increasing demands of offshore wind farm construction in a key global market.
  • OEG's strategic expansion of its offshore wind vessel fleet.
  • Acquisition of a specialized multi-purpose CTV (Fulmar) for offshore construction support.
  • Direct support for the 1.1 GW Inch Cape Offshore Wind Farm in Scotland.
  • Collaboration with specialized marine suppliers Chartwell Marine (designer) and Diverse Marine (builder).

Source Intelligence

KEY DETAILS

The Fulmar CTV is a new multi-purpose crew transfer vessel (CTV) that can accommodate up to 24 personnel for high-speed transfers and can be configured for extended offshore trips. It is an Ambitious Class CTV. The charter for the Inch Cape Offshore Wind Farm was awarded to OEG earlier last year. Fulmar is the second vessel developed by Chartwell Marine to join OEG’s fleet, following the delivery of Furioso in 2024. OEG owns and operates a fleet of 15 multi-purpose CTVs across the U.K., Europe and Taiwan, and is undergoing a strategic fleet modernization program, having sold two older vessels last year with further disposals planned this year.

Capacity
Located 15 km off the Angus coast in the North Sea, the 1.1 GW Inch Cape development spans a 150 km2 site.
Location
The vessel will operate in U.K. waters and has secured its first charter in Scotland, supporting offshore construction work at the Inch Cape Offshore Wind Farm. Located 15 km off the Angus coast in the North Sea, the 1.1 GW Inch Cape development spans a 150 km2 site.
Announcement
Published Mar 3, 2026 7:20 am ET
PARTIES MENTIONED IN SOURCE
O
OEG owner/operator

"OEG has expanded its offshore wind vessel fleet with the delivery of Fulmar, a new multi-purpose crew transfer vessel (CTV), following successful sea trials."

C
Chartwell Marine designer

"Fulmar is an Ambitious Class CTV designed by Chartwell Marine and built by U.K.-based shipyard Diverse Marine."

D
Diverse Marine builder

"Fulmar is an Ambitious Class CTV designed by Chartwell Marine and built by U.K.-based shipyard Diverse Marine."

medium quality Enriched Mar 4, 2026

Timeline

Announced
Mar 3, 2026
Signed
Closed